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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
ESTABLISHMENT LABS HOLDINGS INC. is the larger business by last-quarter revenue ($64.6M vs $36.5M, roughly 1.8× SmartRent, Inc.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 3.1%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-2.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs -15.0%).
Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
ESTA vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $36.5M |
| Net Profit | — | $-3.2M |
| Gross Margin | 70.5% | 38.6% |
| Operating Margin | -6.1% | -10.9% |
| Net Margin | — | -8.9% |
| Revenue YoY | 45.2% | 3.1% |
| Net Profit YoY | — | 71.6% |
| EPS (diluted) | $-0.07 | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $64.6M | $36.5M | ||
| Q3 25 | $53.8M | $36.2M | ||
| Q2 25 | $51.3M | $38.3M | ||
| Q1 25 | $41.4M | $41.3M | ||
| Q4 24 | $44.5M | $35.4M | ||
| Q3 24 | $40.2M | $40.5M | ||
| Q2 24 | $44.1M | $48.5M | ||
| Q1 24 | $37.2M | $50.5M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $-11.1M | $-6.3M | ||
| Q2 25 | $-16.6M | $-10.9M | ||
| Q1 25 | $-20.7M | $-40.2M | ||
| Q4 24 | — | $-11.4M | ||
| Q3 24 | $-16.7M | $-9.9M | ||
| Q2 24 | $-17.2M | $-4.6M | ||
| Q1 24 | $-16.2M | $-7.7M |
| Q4 25 | 70.5% | 38.6% | ||
| Q3 25 | 70.1% | 26.4% | ||
| Q2 25 | 68.8% | 33.1% | ||
| Q1 25 | 67.2% | 32.8% | ||
| Q4 24 | 68.5% | 28.7% | ||
| Q3 24 | 63.9% | 33.2% | ||
| Q2 24 | 65.6% | 35.7% | ||
| Q1 24 | 65.6% | 38.5% |
| Q4 25 | -6.1% | -10.9% | ||
| Q3 25 | -7.5% | -19.4% | ||
| Q2 25 | -27.5% | -30.5% | ||
| Q1 25 | -41.0% | -99.9% | ||
| Q4 24 | -41.9% | -36.6% | ||
| Q3 24 | -32.7% | -29.0% | ||
| Q2 24 | -21.2% | -14.3% | ||
| Q1 24 | -23.8% | -20.1% |
| Q4 25 | — | -8.9% | ||
| Q3 25 | -20.7% | -17.3% | ||
| Q2 25 | -32.3% | -28.3% | ||
| Q1 25 | -50.1% | -97.2% | ||
| Q4 24 | — | -32.3% | ||
| Q3 24 | -41.5% | -24.5% | ||
| Q2 24 | -38.9% | -9.5% | ||
| Q1 24 | -43.6% | -15.2% |
| Q4 25 | $-0.07 | $-0.02 | ||
| Q3 25 | $-0.38 | $-0.03 | ||
| Q2 25 | $-0.57 | $-0.06 | ||
| Q1 25 | $-0.70 | $-0.21 | ||
| Q4 24 | $-1.21 | $-0.06 | ||
| Q3 24 | $-0.59 | $-0.05 | ||
| Q2 24 | $-0.62 | $-0.02 | ||
| Q1 24 | $-0.58 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $75.6M | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $23.5M | $232.1M |
| Total Assets | $357.2M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $104.5M | ||
| Q3 25 | $70.6M | $100.0M | ||
| Q2 25 | $54.6M | $105.0M | ||
| Q1 25 | $69.2M | $125.6M | ||
| Q4 24 | $90.3M | $142.5M | ||
| Q3 24 | — | $163.4M | ||
| Q2 24 | — | $187.4M | ||
| Q1 24 | — | $204.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $23.5M | $232.1M | ||
| Q3 25 | $16.4M | $234.4M | ||
| Q2 25 | $22.8M | $238.8M | ||
| Q1 25 | $38.5M | $250.7M | ||
| Q4 24 | $53.1M | $289.4M | ||
| Q3 24 | $32.7M | $305.1M | ||
| Q2 24 | $45.0M | $329.4M | ||
| Q1 24 | $56.9M | $333.1M |
| Q4 25 | $357.2M | $320.9M | ||
| Q3 25 | $338.9M | $335.8M | ||
| Q2 25 | $329.7M | $354.0M | ||
| Q1 25 | $333.4M | $366.1M | ||
| Q4 24 | $346.8M | $420.2M | ||
| Q3 24 | $282.7M | $448.6M | ||
| Q2 24 | $285.1M | $475.3M | ||
| Q1 24 | $301.8M | $485.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-162.0K | $7.7M |
| Free Cash FlowOCF − Capex | $-2.0M | $7.7M |
| FCF MarginFCF / Revenue | -3.1% | 21.0% |
| Capex IntensityCapex / Revenue | 2.8% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.9M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-162.0K | $7.7M | ||
| Q3 25 | $-11.3M | $-2.1M | ||
| Q2 25 | $-18.8M | $-14.9M | ||
| Q1 25 | $-20.7M | $-12.2M | ||
| Q4 24 | $-20.7M | $-12.0M | ||
| Q3 24 | $-12.5M | $-3.7M | ||
| Q2 24 | $-14.2M | $-13.9M | ||
| Q1 24 | $-11.2M | $-3.3M |
| Q4 25 | $-2.0M | $7.7M | ||
| Q3 25 | $-13.1M | $-2.2M | ||
| Q2 25 | $-20.4M | $-16.2M | ||
| Q1 25 | $-21.5M | $-14.3M | ||
| Q4 24 | $-21.3M | $-13.3M | ||
| Q3 24 | $-13.9M | $-3.9M | ||
| Q2 24 | $-15.0M | $-14.1M | ||
| Q1 24 | $-14.5M | $-3.4M |
| Q4 25 | -3.1% | 21.0% | ||
| Q3 25 | -24.4% | -6.1% | ||
| Q2 25 | -39.7% | -42.3% | ||
| Q1 25 | -51.9% | -34.7% | ||
| Q4 24 | -47.8% | -37.5% | ||
| Q3 24 | -34.6% | -9.7% | ||
| Q2 24 | -33.9% | -29.1% | ||
| Q1 24 | -38.9% | -6.7% |
| Q4 25 | 2.8% | 0.0% | ||
| Q3 25 | 3.4% | 0.2% | ||
| Q2 25 | 3.2% | 3.3% | ||
| Q1 25 | 1.8% | 5.3% | ||
| Q4 24 | 1.2% | 3.5% | ||
| Q3 24 | 3.7% | 0.6% | ||
| Q2 24 | 1.8% | 0.5% | ||
| Q1 24 | 8.9% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESTA
Segment breakdown not available.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
